Assess for Capital Improvements? Borrow? Do Both with “Split Funding”

/ Owner - April 24, 2014

A reader writers: Since becoming a condominium, our building has needed a seemingly endless series of repairs, most of which have been funded with special assessments. Now we desperately need a new roof and major work on our elevator. The board is divided between another assessment and a loan. I recently read an article about something called “split funding.” Is that something we could do? If so, how would it work?     Read more………..

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